Gurbadam is 27 years old. He lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His daughter attends a kindergarten and his son stays at home in his wife’s care.
Gurbadam runs a transportation business. Four years ago he bought a truck and started delivering his clients' goods from warehouses to market. He is a very good auto mechanic and handyman. In his spare time, he fixes other people's cars in his garage. Since he started his business his family’s living condition is improving. They have bought a family house recently.
Gurbadam is planning to buy a building block-making machine and to start producing building blocks. This is a small machine that uses cement and sand mix and produces 20 blocks in an hour. People use these blocks for building houses, fences and other structures.
The loan Gurbadam is requesting will be used to buy a block-making press machine and start producing building blocks.
About Credit Mongol
Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.